The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Dresser-Rand Group whiffed on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded.
Margins grew across the board.
Dresser-Rand Group recorded revenue of $594.4 million. The eight analysts polled by S&P Capital IQ foresaw revenue of $722.6 million on the same basis. GAAP reported sales were 5.7% lower than the prior-year quarter's $630.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.54. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.68 per share. GAAP EPS of $0.54 for Q3 were 5.9% higher than the prior-year quarter's $0.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 28.7%, 160 basis points better than the prior-year quarter. Operating margin was 12.4%, 90 basis points better than the prior-year quarter. Net margin was 6.9%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $870.0 million. On the bottom line, the average EPS estimate is $1.20.
Next year's average estimate for revenue is $2.89 billion. The average EPS estimate is $2.64.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 243 members out of 252 rating the stock outperform, and nine members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 73 give Dresser-Rand Group a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dresser-Rand Group is outperform, with an average price target of $63.67.
Is Dresser-Rand Group the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Dresser-Rand Group to My Watchlist.